Huachen AI Parking Management Technology Holding Co., Ltd (NASDAQ:HCAI) Shares Shorted: Short Interest Down 97.8% in October

Huachen AI Parking Management Technology Holding Co., Ltd (NASDAQ:HCAI) saw a significant decrease in short interest in October. As of October 30th, there was short interest totaling 18,244 shares, a decrease of 97.8% from the October 15th total of 838,507 shares. Currently, 4.5% of the shares of the company are sold short. Based on an average trading volume of 174,324 shares, the short-interest ratio is currently 0.1 days.

Huachen AI Parking Management Technology Price Performance

Shares of Huachen AI Parking Management Technology stock traded up $0.01 during trading on Tuesday, reaching $3.37. The company’s stock had a trading volume of 12,764 shares, compared to its average volume of 253,583. The firm’s 50-day moving average is $18.88 and its two-hundred day moving average is $110.11. Huachen AI Parking Management Technology has a 52-week low of $2.01 and a 52-week high of $519.80.

Huachen AI Parking Management Technology (NASDAQ:HCAI) last released its earnings results on Wednesday, September 30th. The company reported $0.40 earnings per share for the quarter. The company had revenue of $1.24 million during the quarter.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. Weiss Ratings upgraded shares of Huachen AI Parking Management Technology from a “sell (d-)” rating to a “sell (d)” rating in a report on Wednesday, October 21st. Wall Street Zen raised shares of Huachen AI Parking Management Technology from a “sell” rating to a “hold” rating in a research note on Saturday, September 26th. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

About Huachen AI Parking Management Technology

Huachen AI Parking Management Technology Inc. is a China-based provider of parking management services and technology. The company focuses on helping manage parking facilities and supporting the digital administration of parking operations. Its activities include parking-lot management and related services, with technology intended to assist with parking access, fee collection, space utilization and operational oversight. The company’s business is designed to serve property owners, parking facility operators and users seeking more efficient parking solutions.